SUMMARY
One of the longest-serving bookmakers since 1967. You'll find a vast range of betting markets to enjoy and a multitude of bet choices. There's also a Live Casino, Games, Bingo, Poker, and Virtual betting.
INFO
- Established 1967
- Operator Petfre (Gibraltar) Limited
- Licenses Gibraltar & UK
- Customer Support Live Chat, Tel: UK 0800 028 7747; Email; support@betfred.com
- Bonus Code FRED40
- Bonus Bet £10 Get £40 in Free Bets
Bet £10 Get £40 in Free Bets – Betfred Cheltenham Offer Explained
Cheltenham Festival is one of the biggest events in the UK horse racing calendar. Millions of fans tune in each year to watch the action, follow their favourite horses, and place bets on the biggest races of the season.
If you’re planning to place a bet during Cheltenham week, there’s a promotion worth considering first.
Right now, new Betfred customers can get £40 in free bets when they place a £10 bet. It’s a simple welcome offer that gives you extra betting power during the festival.
In this guide, we’ll explain how the promotion works, how to qualify, and how you can use the free bets once they’re credited to your account.
What Is the Betfred Bet £10 Get £40 Offer?
The Betfred welcome promotion is designed for new customers who want to try the sportsbook.
Instead of requiring a large deposit, the offer keeps things simple:
- Deposit £10
- Place a £10 bet at odds of 2.0 (Evens) or higher
- Receive £40 in free bets
Once your qualifying bet settles, Betfred credits the bonus within 24 hours.
The £40 bonus is split into two parts:
- £20 free bets for any sportsbook markets
- £20 accumulator free bet (minimum 4 selections)
This gives you flexibility to try both single bets and accumulators.
Why This Offer Is Popular During Cheltenham
Cheltenham is one of the busiest betting weeks of the year. With so many races across several days, bettors often want more bets to spread across different horses and markets.
This is where welcome offers like this can help.
With the Betfred promotion, you’re essentially turning a single £10 bet into multiple additional betting opportunities.
Many bettors use their free bets on:
- Cheltenham race favourites
- Each-way selections
- Race accumulators across the festival
- Other sports markets during the week
Because the free bets arrive quickly after your qualifying bet settles, they can still be used during the Cheltenham schedule.
Step-by-Step: How to Claim the Betfred £40 Free Bets
If you’re new to Betfred, claiming the offer only takes a few minutes.
Step 1 – Register an Account
Create a new Betfred account using the promotional code:
FRED40
This ensures your account is linked to the welcome bonus.
You’ll need to provide basic details and complete the standard account verification process.
Step 2 – Deposit £10
Next, deposit at least £10 into your account.
To qualify for the promotion, the deposit must be made using one of the following:
- Debit card
- Apple Pay linked to debit card
- Instant bank transfer (TrueLayer)
Other payment methods won’t qualify for the welcome offer.
Step 3 – Place Your First Bet
Once your account is funded, place a single bet of £10 or more on any sportsbook market.
The odds must be:
Evens (2.0) or higher
Important things to remember:
- It must be one single bet of £10 or more
- Multiple smaller bets will not qualify
- The bet must settle within 7 days
After the bet settles, Betfred will process your free bets.
Step 4 – Receive Your £40 in Free Bets
Your bonus will be credited within 24 hours of the qualifying bet settling.
You’ll receive:
- £20 sports free bets
- £20 accumulator free bet
Both bonuses are valid for 7 days, so it’s best to plan how you want to use them.
Tips for Using Your Free Bets
Free bets can be used strategically to increase your potential returns.
Here are a few common approaches bettors use:
1. Back Higher Odds Horses
Some bettors use free bets on horses with bigger odds. Since the stake isn’t returned with free bets, this can sometimes maximise potential value.
2. Try Accumulators
The £20 accumulator free bet requires 4 selections or more, so it’s ideal for combining multiple race picks.
Many bettors include:
- Cheltenham favourites
- Football matches
- Tennis or other sports events
3. Cover Multiple Races
Instead of betting everything on one race, you can spread free bets across different races during the festival.
This keeps things interesting throughout the event.
Important Terms to Know
Like most sportsbook offers, a few conditions apply.
Key points include:
- New customers only
- Must register with promo code FRED40
- Deposit and bet £10 or more
- Bet must be odds 2.0 or higher
- Free bets credited within 24 hours of settlement
- Free bets expire 7 days after issue
Also remember that free bet stakes are not returned with winnings.
Who Can Claim the Offer?
The promotion is available to:
- New Betfred customers
- Residents of the UK, Ireland, and Gibraltar
- Users aged 18 or over
Only one welcome offer per customer is allowed.
Betfred may also require identity verification before awarding bonuses.
Is Betfred a Trusted Bookmaker?
Betfred is one of the most established bookmakers in the UK. The company has been operating for decades and runs both online betting and high street betting shops.
They offer markets across:
- Horse racing
- Football
- Tennis
- Golf
- Cricket
- Esports and more
During major racing events like Cheltenham, they also feature enhanced odds, race specials, and additional promotions.
Final Thoughts
Cheltenham Festival is always an exciting week for racing fans and bettors alike.
If you’re planning to place a bet anyway, using a welcome offer can give you extra betting value.
The Betfred promotion is simple:
Bet £10 and receive £40 in free bets.
It’s a straightforward offer that gives you extra bets to use across Cheltenham races or other sports markets.
Just remember to claim the promotion before it expires and place your qualifying bet at odds of Evens or higher.
Claim the Betfred Cheltenham Offer Now
Register a new account using the promo code FRED40, place your £10 bet, and unlock £40 in free bets.
Login
Register